by our College Data Analytics TeamThis page focuses on the debt students take on to attend Pima Medical Institute-Phoenix: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at PMI Phoenix, 72% of first-year students take on loan debt, averaging $7,876 each, across private and federal loan sources.
The average federally funded loan is $7,500. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at PMI Phoenix, freshmen included, 56% use federal student loans to help pay for their education, with a mean of $7,843 annually. It comes to 4.6% more than the $7,500 typical freshmen borrow.
At a steady annual pace, that totals around $15,686 across two years and $31,372 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 56% |
| Average federal loan per year | $7,843 |
| Undergraduates with a federal loan | 833 |
| Total federal loans (one year) | $6,533,039 |
Graduating and withdrawing students at PMI Phoenix carry a median federal debt of $5,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $8,521 |
| Students who withdrew | $3,363 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for PMI Phoenix.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,537 |
| 25th percentile | $4,889 |
| 75th percentile | $9,499 |
| 90th percentile (highest-debt students) | $10,525 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at PMI Phoenix.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at PMI Phoenix.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 307 | $6,187 |
| Completed (graduates) | 258 | $6,946 |
| Did not complete | 49 | $3,725 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $82.6/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at PMI Phoenix.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 286 | $6,259 |
| No Stafford loan this year | 21 | $5,475 |
These figures turn the debt totals into a monthly repayment picture for PMI Phoenix.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,001 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,107 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at PMI Phoenix.
Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Worth Knowing
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.